A new Apple Store will soon open its doors on Abu Dhabi's Al Maryah Island. Photo: Apple
A new Apple Store will soon open its doors on Abu Dhabi's Al Maryah Island. Photo: Apple
A new Apple Store will soon open its doors on Abu Dhabi's Al Maryah Island. Photo: Apple
A new Apple Store will soon open its doors on Abu Dhabi's Al Maryah Island. Photo: Apple

Apple to open new store on Al Maryah Island in Abu Dhabi


Deepthi Nair
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A new Apple store will soon open its doors on Al Maryah Island, Abu Dhabi, making it the tech company’s fourth outlet in the UAE.

The Apple Al Maryah Island store will offer views of the waterfront promenade and “be a home for customers to explore their creativity, discover new products and receive the best support from the new retail team”, the Cupertino-based technology company said on Thursday.

Apple unveiled a special barricade surrounding the storefront on Thursday morning.

The barricade pays tribute to pearls and pearl divers, and what they represent for Abu Dhabi’s history and culture.

“The pearl and the environment it is born out of is a great metaphor for the growth of the city, and its investment in its creative community that is driving full speed towards the future,” Apple said.

The store will become a new place for the community to gather, learn and find inspiration, the company said.

“Visitors will be able to create, collaborate and continue to experience the best of Apple, all in one place.”

Apple opened its redesigned outlet at Abu Dhabi’s Yas Mall last week, with the shop now in a prime location and twice as big as it used to be.

The wood-and-glass-themed store offers the full line-up of Apple products available in the UAE, as well the company’s trade-in programme and technical support.

“We look forward to continuing to bring the best of Apple to the UAE and building on our history in the region,” said Deirdre O’Brien, Apple’s senior vice president of retail and people.

From its first outlets that opened in the US states of Virginia and California in 2001, Apple today has a network of 516 stores in 25 countries, according to the company’s website.

Apple’s stores have become an integral part of the company’s image and culture. From being mere retail outlets, Apple has expanded their purpose and integrated the outlets with the culture and surroundings of their locations.

For instance, The Dubai Mall store has what is called a Solar Wings balcony that is motorised and offers a view of the Dubai Fountain, while its Marina Bay Sands outlet in Singapore was designed as a “floating sphere”, making it the first Apple store to sit directly on water.

In Italy, Apple restored Rome’s Palazzo Marignoli, a 19th-century palace, to set up its 17th outlet in the country.

Apple, which has been operating in the Middle East for more than 10 years, already has three stores in the UAE.

The Apple Store on Al Maryah Island will become a new place for the community to gather, learn and find inspiration, the company said. Photo: Apple
The Apple Store on Al Maryah Island will become a new place for the community to gather, learn and find inspiration, the company said. Photo: Apple

The original Yas Mall outlet opened in parallel with Dubai’s Mall of the Emirates branch in 2015 – making them the first Apple stores in the Middle East – while The Dubai Mall store followed in 2017. These outlets together have welcomed about 30 million visitors to date.

Apple is the world’s most valuable company, with a current market capitalisation of $2.88 trillion as of the close of trading on Wednesday.

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Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Toilet cleaner

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1 cup castile soap

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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Updated: February 10, 2022, 8:00 AM